Long

Fate of NIFTY, NIFTY View in WEEKLY Basis:

NSE:NIFTY   Nifty 50 Index
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NIFTY View: WEEKLY Basis:
After 3 Week "-VE" Closing, Manage to Close "+VE" & Above GANN Arch "4 X 0"
Can Say Consolidation.
If consider "AB" = Wave - 1, "BC" = Wave - 2,
Then to fulfill criteria of Wave Principle length of "CD" ( as Wave - 3) must not LESS than "AB".

As of NOW CLOSE 9665.8, Above Crucial Level 9633
Why 9633 Crucial ?
As because FIB R 1.618 of BC. (1.618 known as "GOLDEN Ratio")

SCENARIO for BULL Control:
SCENARIO #1: TGT: 9792
Correction Starts from 9792 level, As because 9792 level is FIB Ext. 0.886 of ABC & GANN Arch 4 X 1 (Violet Color)

SCENARIO #2: TGT 10036.70
IF Closed above 979 & Assuming Pattern ABCD Complete.
Then Point "D" = 10036.70, 100 % FIB Ext. of ABC & FIB R 2.0 of BC .

SCENARIO #3: TGT 10372
IF Close above 10036.
Point "B" = 31.39 % of Point Value of "A"
If same Growth i.e. 31.39 % maintaind
Then New High will be at 10372.
Probable Range:
10293 (FIB R 1.618 ob AB) to 100315 1st Ext. ABCD Lvl (FIB 1.13 of CD)

Scenario for BEAR Control:
SCENARIO #4:
Market Won't made NEW HIGH ('H")
1st Correction Level: 9281 (FIB R 0.236 of CH)
2nd Correction Level: 9026 (FIB R 0.382 of CH)
3rd STRONG Correction Level: 8587 (FIB R 0.618)

SCENARIO #5:
Made NEW HIGH ('K") at 9792
1st Correction Level: 9067 (FIB R 0.382 of CK)
2nd Correction Level: 8619 ((FIB R 0.618 of CK)
(can Treat as Extreme Level)
For Daily Levels:

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Disclaimer: Only For STUDY.
Jul 10
Comment: As of NOW (at 2.39 pm of 10th JULY 2017) at 9778.65
9.90 point behind Mentioned "9792".
When many of analyst Shouting in favour of "BEARS"
I Have mentioned "LONG".
Thanks to Viewers who "Agreed" with my IDEA & Motivate me.
Jul 11
Comment: SCENARIO #1: TGT: 9792
COMPLETED.
Market Test this LEVEL STRONGLY.
Jul 15
Nearing "SCENARIO #2".
Though Loosing pace i.e not much STEAM Left.
Jul 15
Comment: All mentioned in Chart as Call out

Jul 29
Comment: SCENARIO #2: TGT 10036.70 Completed.
What NEXT ???
SCENARIO #3: Projected TGT 10372
Or Below new Post.

Interesting, Thanks.
wonderful explanation. (y)